ANSEELE TOM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ANSEELE TOM
Largest movements
- Cash +€40,967
up €40,967 (+193%), from €21,260 to €62,227
mainly Net result for the year (+€101,245) and Other debts (+€61,846)
- Receivables within one year -€11,455
down €11,455 (-39.9%), from €28,703 to €17,248
of which Other amounts receivable: -€11,455
- Debts after one year -€96,299
down €96,299 (-25.3%), from €381,299 to €285,000
- Other debts +€61,846
up €61,846 (+68.0%), from €90,995 to €152,841
- Reserves +€29,579
up €29,579 (+29.9%), from €98,954 to €128,534
- Current portion of long-term debt +€29,041
up €29,041 (+43.2%), from €67,259 to €96,299
- Financial income +€40,000
new in 2026: €40,000
- Gross operating margin +€39,111
up €39,111 (+63.4%), from €61,644 to €100,755
- Taxes +€9,455
up €9,455 (+73.8%), from €12,817 to €22,272
From the 2025 result to the 2026 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €674,963 | €698,418 | +€23,455 | +3.5% |
| Fixed assets | 21/28 | €619,647 | €612,903 | -€6,744 | -1.1% |
| Tangible fixed assets | 22/27 | €19,647 | €12,903 | -€6,744 | -34.3% |
| Furniture and vehicles | 24 | €3,285 | €2,186 | -€1,099 | -33.5% |
| Leasing and similar rights | 25 | €16,362 | €10,717 | -€5,645 | -34.5% |
| Financial fixed assets | 28 | €600,000 | €600,000 | = | 0.0% |
| Current assets | 29/58 | €55,316 | €85,515 | +€30,199 | +54.6% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,703 | €17,248 | -€11,455 | -39.9% |
| Trade receivables | 40 | €14,520 | €14,520 | = | 0.0% |
| Other amounts receivable | 41 | €14,183 | €2,728 | -€11,455 | -80.8% |
| Cash at bank and in hand | 54/58 | €21,260 | €62,227 | +€40,967 | +193% |
| Deferred charges and accrued income | 490/1 | €1,853 | €2,540 | +€687 | +37.1% |
| Total equity and liabilities | 10/49 | €674,963 | €698,418 | +€23,455 | +3.5% |
| Equity | 10/15 | €117,554 | €147,134 | +€29,579 | +25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,954 | €128,534 | +€29,579 | +29.9% |
| Distributable reserves | 133 | €98,954 | €128,534 | +€29,579 | +29.9% |
| Amounts payable | 17/49 | €557,409 | €551,285 | -€6,124 | -1.1% |
| Amounts payable after more than one year | 17 | €381,299 | €285,000 | -€96,299 | -25.3% |
| Financial debts | 170/4 | €381,299 | €285,000 | -€96,299 | -25.3% |
| Amounts payable within one year | 42/48 | €176,009 | €266,185 | +€90,175 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €67,259 | €96,299 | +€29,041 | +43.2% |
| Financial debts | 43 | €9,154 | €8,432 | -€722 | -7.9% |
| Credit institutions | 430/8 | €9,154 | €8,432 | -€722 | -7.9% |
| Trade debts | 44 | €758 | - | -€758 | |
| Suppliers | 440/4 | €758 | - | -€758 | |
| Taxes, remuneration and social security | 45 | €7,844 | €8,612 | +€768 | +9.8% |
| Taxes | 450/3 | €6,327 | €7,094 | +€768 | +12.1% |
| Remuneration and social security | 454/9 | €1,518 | €1,518 | = | 0.0% |
| Other amounts payable | 47/48 | €90,995 | €152,841 | +€61,846 | +68.0% |
| Accrued charges and deferred income | 492/3 | €100 | €100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,744 | €6,744 | = | 0.0% |
| Other operating charges | 640/8 | €2,383 | €2,515 | +€133 | +5.6% |
| Gross operating margin | 9900 | €61,644 | €100,755 | +€39,111 | +63.4% |
| Operating profit (loss) | 9901 | €52,518 | €91,497 | +€38,978 | +74.2% |
| Financial income | 75/76B | - | €40,000 | +€40,000 | |
| Recurring financial income | 75 | - | €40,000 | +€40,000 | |
| Financial charges | 65/66B | €8,647 | €7,979 | -€668 | -7.7% |
| Recurring financial charges | 65 | €8,647 | €7,979 | -€668 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €43,871 | €123,517 | +€79,646 | +182% |
| Income taxes | 67/77 | €12,817 | €22,272 | +€9,455 | +73.8% |
| Profit (loss) for the period | 9904 | €31,054 | €101,245 | +€70,191 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €31,054 | €101,245 | +€70,191 | +226% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.